Cedar Point Capital Partners LLC Sells 1,291 Shares of Franklin Dynamic Municipal Bond ETF $FLMI

Cedar Point Capital Partners LLC reduced its position in shares of Franklin Dynamic Municipal Bond ETF (NYSEARCA:FLMI) by 3.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 37,765 shares of the company’s stock after selling 1,291 shares during the quarter. Cedar Point Capital Partners LLC’s holdings in Franklin Dynamic Municipal Bond ETF were worth $916,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. American Financial & Tax Strategies Inc. boosted its stake in shares of Franklin Dynamic Municipal Bond ETF by 0.9% in the 2nd quarter. American Financial & Tax Strategies Inc. now owns 135,503 shares of the company’s stock valued at $3,287,000 after purchasing an additional 1,160 shares during the last quarter. Prentice Wealth Management LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF by 45.0% in the second quarter. Prentice Wealth Management LLC now owns 186,349 shares of the company’s stock valued at $4,521,000 after buying an additional 57,801 shares during the period. Retirement Planning Group LLC lifted its holdings in Franklin Dynamic Municipal Bond ETF by 316.9% in the second quarter. Retirement Planning Group LLC now owns 79,144 shares of the company’s stock valued at $1,920,000 after buying an additional 60,160 shares during the period. D.A. Davidson & CO. boosted its stake in Franklin Dynamic Municipal Bond ETF by 27.9% in the second quarter. D.A. Davidson & CO. now owns 18,354 shares of the company’s stock valued at $445,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Cullen Frost Bankers Inc. grew its holdings in Franklin Dynamic Municipal Bond ETF by 16.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 15,403 shares of the company’s stock worth $374,000 after acquiring an additional 2,167 shares during the period.

Franklin Dynamic Municipal Bond ETF Trading Up 0.2%

Shares of Franklin Dynamic Municipal Bond ETF stock opened at $25.04 on Wednesday. The firm has a fifty day moving average of $24.62 and a two-hundred day moving average of $24.28. Franklin Dynamic Municipal Bond ETF has a 52 week low of $23.05 and a 52 week high of $25.38.

Franklin Dynamic Municipal Bond ETF Profile

The Franklin Dynamic Municipal Bond ETF (FLMI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that invests in municipal bonds of any credit quality. The portfolio manager seeks dollar-weighted average maturity of three to ten years. FLMI was launched on Aug 31, 2017 and is managed by Franklin Templeton.